Australian Crypto Traders Show Strong Preference for Ethereum and Meme Coins
- Anonymized data from Kraken reveals that Ethereum constitutes about 33% of Australian crypto wallets, nearly double the global average of 19%.
- More than 36% of Australian users hold some Bitcoin, slightly above the global average of approximately 34%, yet their average BTC balance is AU$17,409 compared to the global AU$29,830.
- Australians are more likely to include Solana and meme coins like WIF, PEPE, BONK, and FARTCOIN in their portfolios compared to global averages.
The data suggests a trend among Australians towards diversifying into newer assets beyond traditional cryptocurrencies like Bitcoin. This shift reflects both a cultural inclination towards speculation and a strategic approach to spreading risk across alternative ecosystems.
Kraken’s findings highlight Australia’s unique position in the crypto market, with its traders showing a marked preference for engaging with unconventional assets such as meme coins alongside major cryptocurrencies like Ethereum and Bitcoin. Source
